Union Bancaire Privee UBP SA Takes Position in Enphase Energy, Inc. (NASDAQ:ENPH)

Union Bancaire Privee UBP SA acquired a new stake in Enphase Energy, Inc. (NASDAQ:ENPH) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 11,422 shares of the semiconductor company’s stock, valued at approximately $824,000.

Other large investors also recently modified their holdings of the company. Harbor Capital Advisors Inc. bought a new position in shares of Enphase Energy in the third quarter valued at approximately $1,273,000. Charles Schwab Investment Management Inc. lifted its position in Enphase Energy by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 880,340 shares of the semiconductor company’s stock valued at $99,496,000 after purchasing an additional 16,234 shares during the last quarter. Erste Asset Management GmbH bought a new stake in Enphase Energy during the third quarter valued at approximately $37,475,000. Mizuho Securities USA LLC lifted its position in Enphase Energy by 4,177.9% during the third quarter. Mizuho Securities USA LLC now owns 448,918 shares of the semiconductor company’s stock valued at $50,737,000 after purchasing an additional 438,424 shares during the last quarter. Finally, Impax Asset Management Group plc lifted its position in Enphase Energy by 15.9% during the third quarter. Impax Asset Management Group plc now owns 226,109 shares of the semiconductor company’s stock valued at $25,555,000 after purchasing an additional 31,008 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. StockNews.com upgraded shares of Enphase Energy from a “sell” rating to a “hold” rating in a research report on Thursday, October 24th. Oppenheimer dropped their target price on shares of Enphase Energy from $134.00 to $101.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Canaccord Genuity Group lowered shares of Enphase Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, October 23rd. Barclays decreased their price target on shares of Enphase Energy from $114.00 to $91.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 14th. Finally, Morgan Stanley decreased their price target on shares of Enphase Energy from $93.00 to $74.00 and set an “equal weight” rating on the stock in a research note on Friday, November 15th. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $93.43.

Enphase Energy Stock Down 2.7 %

NASDAQ:ENPH opened at $62.24 on Wednesday. The firm’s 50-day moving average price is $69.43 and its 200-day moving average price is $90.79. The company has a market capitalization of $8.41 billion, a PE ratio of 141.45, a P/E/G ratio of 7.79 and a beta of 1.68. The company has a debt-to-equity ratio of 1.29, a current ratio of 4.16 and a quick ratio of 3.88. Enphase Energy, Inc. has a 1-year low of $58.33 and a 1-year high of $141.63.

Enphase Energy Profile

Enphase Energy, Inc, together with its subsidiaries, designs, develops, manufactures, and sells home energy solutions for the solar photovoltaic industry in the United States and internationally. The company offers semiconductor-based microinverter, which converts energy at the individual solar module level and combines with its proprietary networking and software technologies to provide energy monitoring and control.